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Record Number of OLED TVs Shipped Before the Holidays
January 5, 2018 | IHS MarkitEstimated reading time: 1 minute
With consumer television prices falling, global shipments of organic light-emitting diode (OLED) TVs grew 133% year over year, reaching a new monthly record of 270,000 units in November 2017, during the lead-up to the holiday shopping season. This growth comes as falling prices placed 55-inch 4K OLED into the budget range of a greater number of high-end holiday shoppers, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.
Overall global liquid crystal display (LCD) TV shipments in November slightly declined by 1.6% month over month, falling to 24.4 million units, as Black Friday demand in the United States declined in 2017 compared to the prior year. Total OLED TV shipments from January through November 2017 surpassed 1.3 million units. Together with December estimates, overall OLED TV shipments are likely to exceed 1.4 million units shipped in 2017.
“In 2017, the landscape for OLED TV brands changed as Sony, Toshiba and other major brands began selling OLED TVs,” said Ken Park, associate director, IHS Markit. “The growing number of available OLED TV choices, especially high-profile Japanese and European brands, has resulted in more competition and pricing promotion activity in the OLED TV market.”
LGE dominated the OLED TV market in 2016, accounting for around 92% of all units shipped, while several Chinese brands accounted for most of the remaining shipments. During the weeks surrounding Black Friday 2017, LGE dropped the price of its entry-level B7 series 55-inch and 65-inch 4K OLED TVs by $200, pricing its lowest tier 55B7 model at $1,499.
LGE led overall OLED TV shipment volume in November, with a 31% month-over-month increase in shipments. Total year-over-year 55-inch OLED TV shipments rose 123% in November, while 65-inch shipments grew 157%.
IHS Markit TV Sets Intelligence Service
The IHS Markit TV Sets Intelligence Service-Premium includes detailed information about monthly television shipments for 15 leading brands, by technology, size and resolution. The report also includes rolling three-month forecasts and coverage of technology and size trends.
About IHS Markit
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 % of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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